Monarch airlines make Cyprus property owners even happier

Steady Cyprus house price increases have been putting a smile on the faces of the islands home owners and with the recent announcement by low cost airline Monarch who will be flying to the region from March 2007 means the news cannot get better.
Monarch now flying to Cyprus
Monarch is one of the UK’s major providers of low-cost scheduled flights from London Gatwick, London Luton, Manchester, Birmingham and Malaga airports. Monarch is also key supplier of airliners to the tour operating industry. The new flights will operate between London Luton and Cyprus and will be available from March 26th 2007.
Monarch have recently restructured its management team for its scheduled services by axing the sales and marketing director role held by Jonathan Crick. The overhaul sees scheduled service division managing director Tim Jeans, a former Ryanair marketing chief, promoted to the newly created position of managing director. He said “We are delighted to be the first low fares airline to launch scheduled services to the Eastern Mediterranean, a market that has historically been dominated by the flag carriers and charter services.”

Cyprus property market set to benefit
Property in Cyprus is on the up with house price inflation in Cyprus accelerating in 2006 compared with 2005. The BuySell Home Price Index rose by 5.9% year on year in January-December 2006, having risen by 2.5% in the same period of 2005. The Average Home Price in December was CYP 90,881 (approx EUR 155,000), compared with CYP 85,292 in December 2005. This means that average house prices rose by more than CYP 465 per month.
Cyprus homes for sale
CEO Nicholas Marr of overseas property web site ‘Making Cyprus more accessible to holiday makers and those in search of a second home in Cyprus is bound to make buying property in Cyprus more attractive. Buyers considering Cyprus for their overseas property have in the past quoted the cost of flights to the region as a reason why they have gone elsewhere. The Monarch airlines announcement will be good news for tourists, property owners and those considering buying property on the Island’
10 reasons to buy a property in Cyprus
1.       Cyprus allows the purchaser to become a resident
2.       Buying a property in Cyprus is based on English financial and legal system
3.       Prices for property in Cyprus are relatively low and offer value for money
4.       The futures of prices are set to rise with high foreign and domestic demand.
5.       Tourist visits are increasing each year and offer good rental prospects
6.       The cost of living in Cyprus is approximately 30% lower than in the UK.
7.       No language barrier 90% of people living in Cyprus speak English
8.       Cars drive on the left and all road signs are in English as well as Greek.
9.       Average temperatures only dip below 70F (21C) between November and April, and the country can boast on average 300 days of sunshine per year.
10.   Cyprus has advanced medical care. Almost everybody is insured at cheaper and better rates and service, than UK
Useful Cyprus links

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